See the Complete Picture.
Published loading...Updated

ETH Withdrawals Surge to $1.2B Weekly as Price Nears 3-Month High

  • Over the past week, Ethereum holders have moved ETH valued at upwards of $1.2 billion off centralized exchanges amid heightened price momentum.
  • This increase followed a prolonged and significant period of net withdrawals from exchanges starting in early May, driven by a breakthrough above resistance levels and decreasing selling pressure.
  • Ethereum’s price rallied over 50%, climbing from below $1,800 to around $2,739, reaching levels not seen since mid-February 2025 and triggering increased buying interest.
  • More than 60% of ETH addresses are now in profit compared to 32% a month ago, while analysts note crucial support floors between $2,060 and $2,420 and identify $2,600 and $3,100 as key resistance levels.
  • The ongoing accumulation and reduced sell pressure suggest potential further surges, with bullish momentum possibly fueling a broader altcoin market rally if ETH maintains key levels above $2,600.
Insights by Ground AI
Does this summary seem wrong?
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

11 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

CryptoPotato broke the news in on Wednesday, May 14, 2025.
Sources are mostly out of (0)

Similar News Topics